Archives: Uncategorised

Interfor Corporation (“Interfor”) recorded net earnings in 3Q 2018 of $28.1 million, or $0.40 per share, compared to $63.8 million, or $0.91 per share in 2Q 2018 and $16.8 million, or $0.24 per share in 3Q 2017. Interfor increased 3Q 2018 sales to $570.5 million, compared to $489.2 million in the 3Q 2017. Adjusted net[…]

Western Forest Products Inc. (“Western”) announced that a wholly owned subsidiary of Western has entered into an agreement to acquire the assets of Columbia Vista Corporation and certain related entities (collectively “Columbia Vista”) located in Vancouver, Washington for consideration of $30.5 million, including working capital of $6.7 million. Working capital to be acquired is subject[…]

Indexator from Vindeln in Sweden – the world’s largest manufacturer of hydraulic rotators – is expanding their XR compact rotator range with the small and powerful XR 300. The XR range comprises compact, powerful rotators with heavy-duty bearings. They are designed for extreme applications where rotator function requirements and load capacities are especially high. Optimally[…]

China Forestry Group NZ (CFGNZ) is once again backing local wood processing with a ground-breaking agreement on harvesting and processing wood from Taranaki’s largest forest. China Forestry Group NZ and Taranakipine sawmill in New Plymouth have signed a supply agreement that supports long term wood processing in New Plymouth and employment for the 170 workers[…]

Nearly 100 companies have contracted fully 80% of the available exhibit space for the 35th Forest Products Machinery & Equipment Exposition – Expo 2019 – to be held June 26-28, 2019 at Atlanta’s Georgia World Congress Center. “Participation in Expo is reaching an early sell-out; most of the larger exhibit spaces are already occupied. Many[…]

China announced a 25% tariff on US imports, on a value of $16 billion from 23 August. The taxed products include $1.83 billion of wood products and logs. A large range of wood products are listed in the tariff list, including oak logs, birch logs, OSB, spruce, larch, teak, wooden window frames, shelves, furniture etc.[…]

Gough Cat have announced they have an agreement with United States company Weiler Incorporated to distribute its forestry product line in New Zealand. Founded in 2000, Weiler has a long history of successfully manufacturing equipment distributed through the global Cat dealer network, says Gough Cat Executive General Manager Chris Heaton. “These products complement the Caterpillar[…]

Timberlink has announced the appointment of Jason Wilson (photo) to the newly created position of Chief Operations Officer (COO) to support its growth and development strategy. In addition, Duncan Mayes has joined the Timberlink team, taking up the position of EGM Innovation and Emerging Business. Previously, Jason has been the General Manager of Auswest Timbers,[…]

Associated Kiln Driers Softwoods (AKD) has confirmed that it has finalised the purchase of Carter Holt Harvey’s (CHH) New South Wales sawmilling business. The major assets of this business comprise of the Tumut sawmill, Gilmore treatment facility, a 50% interest in the Highland Pine Products (HPP) joint venture in Oberon and a distribution centre in[…]

Plantation harvests on the rise – According to the eighth national inventory of forest resources, the area of national plantation was 69.33 million hectares accounting for 36% of the forest land area in China. The stocking volume of these plantations was 2.483 billion cubic metres, or 17% of China’s forest standing volume. Between 2009 and[…]